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May 17, 2013
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paying down our deficit. it is kicking the can down the road and frankly, we are out of road. >> you would think that those people would all be pushing to take credit for our incredible deficit reduction celebrating that there would be press conferences. but no, there was nothing. what makes that nothing this week so very ironic is that not only did republicans essentially ignore the cbo report but they chose to spend the time they should have been out celebrating our lowest predicted deficits since 2008 trying once again to repeal obama care. they voted for the 37th time to repeal obama care despite the fact that there is good reason to believe that obama care is to credit for much of the remarkable deficit reduction projected this week by the cbo. the deficit reduction republicans used to hold up as their entire reason for being. because the biggest driver of our long term deficits is rising health care costs and -- get this -- between 2009 and 2011, total health spending grew at the lowest annual pace in t
paying down our deficit. it is kicking the can down the road and frankly, we are out of road. >> you would think that those people would all be pushing to take credit for our incredible deficit reduction celebrating that there would be press conferences. but no, there was nothing. what makes that nothing this week so very ironic is that not only did republicans essentially ignore the cbo report but they chose to spend the time they should have been out celebrating our lowest predicted...
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May 18, 2013
05/13
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i think the chance of another down grade is remote because of the spectacular progress on the deficit. here is the interesting angle to me. it is not that obama's agenda is in at that time in tatteres is, it was months ago. i think what may has been, the things he doesn't want may get shoved down his throat, keystone pipeline and maybe another sequester n november he may have to accept sequester for 2014. >> slowly healing jobs market and plunging deficit mean there is a lot of other things, scandal things talking about in washington. if we were talking about those things, i can assure you democrats would be talking about the other two. thanks, guys. >> coming up. u 8 >>> partisanship and the inability of our elected leaders to put our prosperity ahead of politics paralyzed washington and that paralysis brought us debt debacles, sequesters, fiscal cliffs and it has gotten so bad olympia snow decided last year she could serve no more. she has a new book fighting for common ground, a memoir of her career. when i sat down with her i asked her point-blank what is wrong with these people i
i think the chance of another down grade is remote because of the spectacular progress on the deficit. here is the interesting angle to me. it is not that obama's agenda is in at that time in tatteres is, it was months ago. i think what may has been, the things he doesn't want may get shoved down his throat, keystone pipeline and maybe another sequester n november he may have to accept sequester for 2014. >> slowly healing jobs market and plunging deficit mean there is a lot of other...
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May 19, 2013
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overall, the economy grew 2.5% in the first three months of the year, but the deficit is dropping. plunged 32% in the first half of the fiscal year. housing is improving. prices are rising in most areas. consumer confidence, we learned late this week, lm at a six-year high. stocks, i don't have to tell you. most of the people in washington have a 401(k), so they're very well aware what is happening in the stock market. here is my question, ron, i want ron to answer this. here you've got republicans who can be focusing on other things and not the things going in the president's direction. >> right, you know, absolutely. it gives them an opportunity to kind of take the political offensive, and as i said, to mobilize their base. but there is an opportunity. there is a desire on the public to see things get done, particularly on the deficit, the debt, economic growth. those kind of issues. to the extent they're seeing us focus solely on this, there is cost. and politically, you know, your numbers, it's kind of a fascinating subcurrent which is that the grubs at the core of this new oba
overall, the economy grew 2.5% in the first three months of the year, but the deficit is dropping. plunged 32% in the first half of the fiscal year. housing is improving. prices are rising in most areas. consumer confidence, we learned late this week, lm at a six-year high. stocks, i don't have to tell you. most of the people in washington have a 401(k), so they're very well aware what is happening in the stock market. here is my question, ron, i want ron to answer this. here you've got...
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May 16, 2013
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the smallest deficit sense 2008 which is five years ago. the deficit had been topping $1 trillion every year cynic the recession ended four years ago. they credit the economic recovery, new tax rules and spending cuts with shrinking the deficit. we'll be right back. >>> welcome back to "hardball." may seem hard to believe that you're not experiencing deja vu here, but it happened again now, a military serviceman whose job it is to protect against sexual assault has excused himself of sexual assault. latest case involves a ft. hood sergeant. you won't believe this, i couldn't believe it, into prostitution and for sexually assaulting this guy did apparently charged with two others. the army's not releasing his identity as he has not been charged officially, but get a load of his job title, sexual harassment response and coordinator. that's right, the guy you're supposed to go to for help is accused of sexually assaulting someone. this comes just one week after the man in charge of sexual assault from the entire air force was charged with sexu
the smallest deficit sense 2008 which is five years ago. the deficit had been topping $1 trillion every year cynic the recession ended four years ago. they credit the economic recovery, new tax rules and spending cuts with shrinking the deficit. we'll be right back. >>> welcome back to "hardball." may seem hard to believe that you're not experiencing deja vu here, but it happened again now, a military serviceman whose job it is to protect against sexual assault has excused...
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May 16, 2013
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well it was a string of republican and democratic decisions to not hit the full number on security deficits. this is outrageous and senator menendez says we know about benghazi? somebody will puke out there outrageous conduct. [laughter] >> no vomit here in washington d.c. tonight studio number four. lou: maybe you are tougher. >> we have been marinating longer but to your point* the president today was so careful with the artfully crafted all of his theaters were artfully crafted and careful not to blame funding for the attackkin benghazi but mentioning funding a rounded to create the inference. boxer was less careful and when you ask about the ira'she ? he did not answer the question so he was very legalistic. lou: this is moving from a crisis of confidence, it seems to me, directly to a constitutional crisis. this president has lost his credibility. it has been shredded. where are we headed? >> but his ability is to get things done and there is no appetite in washington to get anything done with scandal swirling around the president so beleaguered not he is labor it they and lame in the
well it was a string of republican and democratic decisions to not hit the full number on security deficits. this is outrageous and senator menendez says we know about benghazi? somebody will puke out there outrageous conduct. [laughter] >> no vomit here in washington d.c. tonight studio number four. lou: maybe you are tougher. >> we have been marinating longer but to your point* the president today was so careful with the artfully crafted all of his theaters were artfully crafted...
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May 12, 2013
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it's going to put a strain on europe's economy and their deficits. the deficits and austerity measures put in place to deal with their dent are a source of major controversy there. as the debate rages on, leaders are watching in the u.s. closely. former president bill clinton said there's a right way and a wrong way to do austerity. >> if you don't kick a long-term deficit reduction plan in at the right time and we don't pass a plan in advance, then there's always the chance that the economy will start recovering and interest rates will go through the roof and it will make the susequester look like a sunday afternoon walk in the park. >> so here's the question, will too much government belt tightening threaten the fragile u.s. recovery? and what can the u.s. learn from europe and its crisis? peter is an economist and professor at the university of maryland school of business. richard quest is the host of quest means business on cnn international. thank you for joining me. peter, let me start with you. you say it's too late. austerity measures in euro
it's going to put a strain on europe's economy and their deficits. the deficits and austerity measures put in place to deal with their dent are a source of major controversy there. as the debate rages on, leaders are watching in the u.s. closely. former president bill clinton said there's a right way and a wrong way to do austerity. >> if you don't kick a long-term deficit reduction plan in at the right time and we don't pass a plan in advance, then there's always the chance that the...
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May 19, 2013
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and the amazing shrinking american budget deficit. i'll ask mitt romney's chief economic adviser whether he thinks the problem has gone away. >>> also, as america prepares to draw down from afghanistan, what can it learn from britain's withdrawal 170 years ago? i'll ask theauthor of a great new book. >>> next, a look into the crystal ball of technology with google's executive chairman eric schmit. a sure fire plan to reduce carbon dioxide emissions. how so? stay tuned. >>> first, here is my take. conservatives are, of course, mad at barack obama. we'll talk about the various scandals in a moment, but they're also mad at a country that isn't mad enough at him. this frustration is now taking over main stream and intelligent voices within the conservative movement and about broader issues than benghazi. brett stevens, the columnist for "wall street journal" lementes that president obama is not paying a price for a foreign policy that he, stevens, describes as isolationist. now, isolationism will come as a surprise to the diplomat soldier
and the amazing shrinking american budget deficit. i'll ask mitt romney's chief economic adviser whether he thinks the problem has gone away. >>> also, as america prepares to draw down from afghanistan, what can it learn from britain's withdrawal 170 years ago? i'll ask theauthor of a great new book. >>> next, a look into the crystal ball of technology with google's executive chairman eric schmit. a sure fire plan to reduce carbon dioxide emissions. how so? stay tuned....
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May 15, 2013
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that is the deficit problem. without entitlement reform there is no amount of growth that will fix it. melissa: christian, isn't this all noise and nonsense until we fix that problem? >> well, not exactly because, you know, when you have an economy that's suffering from high unemployment andd3 stagnating wages you're not at your full productive capacity. once you reach that level as we've seen in the last few months, once you increase revenues whether it comes from tax increases or improved economic conditions, you drastically and very quickly lower your debt position and your deficit position. that should be the first order of business. that is really what we do first before we figure out what is our true remaining structural long-term deficit. melissa: okay, but doug, you're a numbers guy. let's do thisatively, rather than with our emotions. can the economy quantitatively grow enough to deal with paying for our promises for the entitlements and the system that we have laid out? >> no. at the heart of this are p
that is the deficit problem. without entitlement reform there is no amount of growth that will fix it. melissa: christian, isn't this all noise and nonsense until we fix that problem? >> well, not exactly because, you know, when you have an economy that's suffering from high unemployment andd3 stagnating wages you're not at your full productive capacity. once you reach that level as we've seen in the last few months, once you increase revenues whether it comes from tax increases or...
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May 16, 2013
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neil: deficits are tumbling the revenues are coming in. >> then the next thing you know the wags, you know --. neil: we don't have to cut. we don't have to cut. >> cbo says problem solved. this is what some blogger on "the washington post" said today believe the cbo forecast i have some swampland in florida. they suggest 40 years no recession or no economic dislocation we will create seven times more jobs in the next decade than we did over the next decade with wage and salary growth two times what has been. >> that $642 billion it is a lot less than it was in well under $1 trillion and we can remember a time when deficits were approaching $100 billion now we celebrate 642 billion but whatever that is. >> of course, $50 billion is a pavement a tax gimmick from fannie mae. where do they get the 60 million? they borrow it. neil: a lot of it is a tax increase. that part is there temporarily because with the fiscal cliff came at the end of the year there was a huge pre-emptive realization and bonuses were paid and 100 billion as one time revenue. neil: so you say with a focus on the lates
neil: deficits are tumbling the revenues are coming in. >> then the next thing you know the wags, you know --. neil: we don't have to cut. we don't have to cut. >> cbo says problem solved. this is what some blogger on "the washington post" said today believe the cbo forecast i have some swampland in florida. they suggest 40 years no recession or no economic dislocation we will create seven times more jobs in the next decade than we did over the next decade with wage and...
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my minister's first priority will be to reduce the deficit and restore economic stability at the same time the creed is set to get a five billion pound pay rise this year thirty six point one million pounds from the u.k. taxpayer will go towards the queen and her residence says her royal chefs and footman cost an estimated ten million pounds a year for thirty six million is divided into money which runs the royal household of the queen and the duke of edinburgh most of it goes on salaries also on the upkeep of royal palaces such as buckingham palace windsor castle and all more royal trouble at home and abroad the british monarchy has become synonymous with the image of britain because it is the world's most high profile molecule the queen of ages seven and a consul the duke of edinburgh at ninety one are remarkable examples of public service and of national unity but the costs to the public purse rises steadily as austerity sets in the five million pound increase in the queen's expenses from the state represents a fifteen percent rise vital services are being lost while the queen gets
my minister's first priority will be to reduce the deficit and restore economic stability at the same time the creed is set to get a five billion pound pay rise this year thirty six point one million pounds from the u.k. taxpayer will go towards the queen and her residence says her royal chefs and footman cost an estimated ten million pounds a year for thirty six million is divided into money which runs the royal household of the queen and the duke of edinburgh most of it goes on salaries also...
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people in march the biggest source of public anger it's also scratched hopes of cutting the budget deficit to three percent of g.d.p. by two thousand and thirteen and the european commission's most recent forecast shows frasse will be in recession until the end of the year the seventy five percent income tax on the super rich is also a no go after france's constitutional court overruled it on the very talk of it pushed french actor gerard depardieu to give up his citizenship for a law should one one promise along to didn't that it's to keep is legalizing gay marriage pleasing supporters it also sparking fierce consultation. i think we've all. seen people happy with gay marriage but it doesn't feed our families it doesn't give us food there are realities that are good to say but there are also priorities a priority is employment we need to eat it is obvious is it to blame. if you're the. president immediately. into the economy one hundred one anyway i just would like to hear your president which is not making that mr romney which is keeping some kid on which is not going to explain that you
people in march the biggest source of public anger it's also scratched hopes of cutting the budget deficit to three percent of g.d.p. by two thousand and thirteen and the european commission's most recent forecast shows frasse will be in recession until the end of the year the seventy five percent income tax on the super rich is also a no go after france's constitutional court overruled it on the very talk of it pushed french actor gerard depardieu to give up his citizenship for a law should...
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i still think that's too high and that the deficit hysteria has been overhyped and we're probably going to see a surplus. >> we should know that we're on the cusp of the next industrial revolution. you look at the u.s. and look back to the mill girls in lawrence and lowell, back to henry ford and mass production and now we're looking forward to kus omization and the changes in innovation and machinery and advancement in manufacturing, especially in apparel that are happening. so we look forward to that change in the next industrial revolution. >> i know i got a reference to lowell, mass and michael dukakis. successful day for me. thanks to chaumtoli huq. karl smith of the model behavior blog at forbes.com and brenna schneider. thanks for getting up and thank you for joining us. we'll be back next weekend, saturday and sunday at 8:00 a.m. eastern time. guests include author michael hastings. up next is melissa harris-perry. on today's mph, angelina jolie sparked a national conversation about breast cancer. the corporate interests and disparity in access not so fortunate as ms. jolie. pre
i still think that's too high and that the deficit hysteria has been overhyped and we're probably going to see a surplus. >> we should know that we're on the cusp of the next industrial revolution. you look at the u.s. and look back to the mill girls in lawrence and lowell, back to henry ford and mass production and now we're looking forward to kus omization and the changes in innovation and machinery and advancement in manufacturing, especially in apparel that are happening. so we look...
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May 15, 2013
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the deficit is getting smaller. a lot smaller. the congressional budget office says it will be $400 million less than the trillion dollars deficit last year. it's down because of higher taxes. a 60 billion check to the government from fannie and freddie. there's a down side for those of us who want the government to get its finances in order, this takes the wind out of the sails of the spending, cutting movement. maybe the deficit news helped stocks, another record close for the dow, 19th this year and same story for the s&p 500, the 14th he record there this year. we're looking at a flat to slightly lower opening today, but that happened yesterday and we still went up 120 by the close. stay tuned. and suddenly, it seems that president obama's second term agenda is unravelling. and the mainstream media have turned on the administration. big government seriously questioned, my, have times have changed. in just ten days. here is the the all-government, all the time president speaking the at ohio state may the 5th. >> unfortunately,
the deficit is getting smaller. a lot smaller. the congressional budget office says it will be $400 million less than the trillion dollars deficit last year. it's down because of higher taxes. a 60 billion check to the government from fannie and freddie. there's a down side for those of us who want the government to get its finances in order, this takes the wind out of the sails of the spending, cutting movement. maybe the deficit news helped stocks, another record close for the dow, 19th this...
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May 14, 2013
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austerity cut the public role, that does nothing except hurt the deficit. if you want to reduce the deficit, the best thing you can do is invest in education. the education of american people brings more money to the treasury than anything you name, whether it's early childhood k-12, higher ed, lifetime learning, and to cut education is to increase the deficit. so thank you for posing that question. >> congresswoman, really great pleasure to have you here. thank you so much. >> thank you very much. my pleasure, good luck to you and congratulations. >> thanks again to democratic house leader nancy pelosi for joining me earlier today. that's all in for this evening the rachel maddow show starts now.
austerity cut the public role, that does nothing except hurt the deficit. if you want to reduce the deficit, the best thing you can do is invest in education. the education of american people brings more money to the treasury than anything you name, whether it's early childhood k-12, higher ed, lifetime learning, and to cut education is to increase the deficit. so thank you for posing that question. >> congresswoman, really great pleasure to have you here. thank you so much. >>...
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the federal deficit is now projected to come in well below what was estimated just a few months ago but it is 642 billion john pillow its estimate. >>> now they are having concerns about the bay bridge and they are grilling them about the bad bolts on the span. they want to know why they are using bolts which have been banned due to the risk they could crack. they are working on fixing the problem and one project manager said quote, the bay bridge still has a fighting chance to open this year. >>> train 102 about an hour ago hit a pedestrian in san bruno during during the right-of-way and they did stop all service at one time and now they have single tracking and the train that was involved is still on the scene, so it is causing major delays alls pass years have been interviewed and transit police according to caltrans on that tweet. >>> let's take a look at a picture involving a crash with a motorcycle and you can see the man was trapped underneath and traffic is backed up for at least a mile and look at the g through and if you are tt coming from 880, this is an unexpected advantage
the federal deficit is now projected to come in well below what was estimated just a few months ago but it is 642 billion john pillow its estimate. >>> now they are having concerns about the bay bridge and they are grilling them about the bad bolts on the span. they want to know why they are using bolts which have been banned due to the risk they could crack. they are working on fixing the problem and one project manager said quote, the bay bridge still has a fighting chance to open...
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May 16, 2013
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budget deficit is declining faster than expected. the congressional budget office says the deficit is expected to shrink to $642 billion in the fiscal year ending september 30 down by more than $200 billion from the agency's estimate just three months ago. but not all is rosie. here's jill schlesinger, cbs news senior business analyst. so jill, why did the deficit projection narrow by so much? >> reporter: you know, after four years of trillion-plus dollar deficit, this year's drop is due to higher-than- expected tax receipts. now, remember, we had a big tax increase so a lot of taxpayers chose to pay taxes late in 2012 before rates went up in 2013. a little extra money for the government. okay. then we also had amazingly a $95 billion dividend payment from both fannie mae and freddie mac, so that was a good news factor. and then we also had the government spending less money $85 billion on the sequester. put it all together, we have better-than-expected news on the deficit for this fiscal year. >> well, it seems like a little progre
budget deficit is declining faster than expected. the congressional budget office says the deficit is expected to shrink to $642 billion in the fiscal year ending september 30 down by more than $200 billion from the agency's estimate just three months ago. but not all is rosie. here's jill schlesinger, cbs news senior business analyst. so jill, why did the deficit projection narrow by so much? >> reporter: you know, after four years of trillion-plus dollar deficit, this year's drop is due...
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. >>> $200 billion in deficit just vanished. and scott la cruz said politicians and committees had nothing to do with it. >> good morning. all of that fighting over the sequester, spending cuts and we cut the deficit by rethinking the math. the congressional budget office which is nonpartisan said the deficit will fall by $200 billion thanks in part to a growing economy and recent tax hikes. the new estimates give washington much more breathing room pushing fights like the debt ceiling off for months. washington still spends far more than it has. and in hot for the past year to the tune of trillions but for some, this is more evidence of a recovering economy and not spending cut which is may be best for america. >>> the european economy meanwhile in trouble. france says it's fallen back in recession. germany barely posted growth for the quarter. so when you mix all the euro countries together as a group, they've been in recession for a year and a half now. >>> markets hit another record tuesday. you mentioned tesla. it's an all-
. >>> $200 billion in deficit just vanished. and scott la cruz said politicians and committees had nothing to do with it. >> good morning. all of that fighting over the sequester, spending cuts and we cut the deficit by rethinking the math. the congressional budget office which is nonpartisan said the deficit will fall by $200 billion thanks in part to a growing economy and recent tax hikes. the new estimates give washington much more breathing room pushing fights like the debt...
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May 16, 2013
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deficit hogs. after so many complaints that president obama is leading us down this dark well of never ending debt, a well that george w. push dug, the debt is stranging faster than anybody expected. the shortfall projection is 25% lower than they said it will be a few months ago and it's supposed to keep on dropping. by 2015 the deficit should total 2% over the total gross domestic product. and when president bush held office it was just over 10%. it deflates under democrats. grew under bush, dropped under clinton, grew under bush. how weather is the reaction to this? john boehner said nothing. and others say it's a report of out of scroll spending even though it's the opposite. and the g.o.p. will get together to vote to repeal obama-care for the 37th time. let's go to pat in world world news. >> thank you for having me. >> john: we did work with this president. we did help to bring the deficit down together, our policies are working. have you heard any reaction from "b" this? has this humbled an
deficit hogs. after so many complaints that president obama is leading us down this dark well of never ending debt, a well that george w. push dug, the debt is stranging faster than anybody expected. the shortfall projection is 25% lower than they said it will be a few months ago and it's supposed to keep on dropping. by 2015 the deficit should total 2% over the total gross domestic product. and when president bush held office it was just over 10%. it deflates under democrats. grew under bush,...
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May 12, 2013
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the"the wall street journal" deficit is shrinking, unemployment is at a five-year low. the dow jones cracks the 15,000 mark. the housing market is coming back. all of this despite sequestration. >> i was just want to say to my good friends on the right. cheer up, eventually things will get worse. $231 billion less in deficit than expected last year. that aretax collection up. you have fannie mae, the much beleaguered, chastised, reprimanded institution paying back its loans. >> $59.4 billion. >> freddie mac paying back what it goes. >> $7 billion from freddie mac. >> i read "the wall street journal" too. >> sometimes you surprise me, like three times a show. cheer up to the republicans? it is the democrats who said that a sequester would mean the end of the world. unemployment, we would reduce gdp. it andnt ahead and did it is working. i am very cheery. else can you do on this panel but laugh? the president can take credit for some of the improvement because the economy is improving. the answer is growth. this is how you get rid of the deficit, through grow. >> not thro
the"the wall street journal" deficit is shrinking, unemployment is at a five-year low. the dow jones cracks the 15,000 mark. the housing market is coming back. all of this despite sequestration. >> i was just want to say to my good friends on the right. cheer up, eventually things will get worse. $231 billion less in deficit than expected last year. that aretax collection up. you have fannie mae, the much beleaguered, chastised, reprimanded institution paying back its loans....
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they want to see the deficit come down. a new report shows that the deficit has shrunk by $800 billion since president obama took office. that's the fastest deficit reduction we've had since world war ii. the last one, $200 million despite all of the deficit shrinking. the gop is still refusing to roll back the automatic budget cuts, some of which dana just referred to. here's some local tv reports on how those cuts are hurting real people on the ground. look at this. >> cuts to the department of housing and urban development have left thousands of low income families struggling to get a place to live. >> getting kids like clamari in to head start is going to be more difficult. because of budget cuts, places like this are taking less kids the next school year. >> thousands of meals may be cut. the director says it comes at a time when donations are already down. >> it's real stuff, congresswoman. >> that's right. and it's really staggering. i've been out in my district where we have worker who is are facing furloughs, we ha
they want to see the deficit come down. a new report shows that the deficit has shrunk by $800 billion since president obama took office. that's the fastest deficit reduction we've had since world war ii. the last one, $200 million despite all of the deficit shrinking. the gop is still refusing to roll back the automatic budget cuts, some of which dana just referred to. here's some local tv reports on how those cuts are hurting real people on the ground. look at this. >> cuts to the...
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May 16, 2013
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i am serious the deficit dramatically lower. next. mowing your lawn isn't alwaysasy. but maybe the problem isn't your lawn. introducing the all-wheel-drive mower from husqvar. we engineered its unique drive system and dual transmission to handle hills& thick grass& and tough terrain& without losing traction or power the all-wheel-drive mower from husqvarna. challenge e impossible. visit us online to enter the challenge the impossible protion ...amelia... neil and buzz: for teaching us that you can't create the future... by clinging to the past. and with that: you're history. instead of looking behind... delta is looking beyond. 80 thousand of us investing billions... in everything from the best experiences below... to the finest comforts above. we'rnot simply saluting history. we're making i are yostill sleeping? just wanted to check and make sure that we were on schedule. the first technology of its kind... mom and dad, i have great news. is now providing answers families need. siemens. answers. woman: what do you mean, meowners insurance doesn't cover floods? [ hear
i am serious the deficit dramatically lower. next. mowing your lawn isn't alwaysasy. but maybe the problem isn't your lawn. introducing the all-wheel-drive mower from husqvar. we engineered its unique drive system and dual transmission to handle hills& thick grass& and tough terrain& without losing traction or power the all-wheel-drive mower from husqvarna. challenge e impossible. visit us online to enter the challenge the impossible protion ...amelia... neil and buzz: for teaching...
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budget deficit? i am serious the deficit dramatically lower. next. we're not in london, are ? apparently my debit card is. what? i know. don't worry, we have cancelled your old card. great. thank you. in addition to us monitoring your account or unusual activity, you could alsoet up free account alerts. okay. [ female announcer ] atells fargo we're working rounthe clock to help protect your money and financial informaon. here your temporary card. welcome back. how was london? [ female announcer ] when people talk, great things happen. ...amelia... neil and buzz: for teaching us that you can't create the future... by clinging to the past. and withhat: you're history. instead of looking behind... delta is looking beyond. 80housand of us investing billions. in everything from the best experiences below... to the finest comforts above. we're not simply saluting history... we're making it. >> the federal budget is a visit expected to shrink this fiscal year after four years of deficit of $1 trillion of ex
budget deficit? i am serious the deficit dramatically lower. next. we're not in london, are ? apparently my debit card is. what? i know. don't worry, we have cancelled your old card. great. thank you. in addition to us monitoring your account or unusual activity, you could alsoet up free account alerts. okay. [ female announcer ] atells fargo we're working rounthe clock to help protect your money and financial informaon. here your temporary card. welcome back. how was london? [ female announcer...
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May 16, 2013
05/13
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MSNBCW
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the board of education approved the deficit elimination plan, and really, chris, i want to thank you and other folks who brought attention to this. it was putting a great big light on this problem that, i think, caused the reverse, of course. and the good news is these kids will be able to finish their school year, and i'm just really happy about that. >> what have we learned about michigan governor rick snyder in this, the fact he seemed willing, the state government seemed willing, to let these kids not be in school and not turn over any money and not find some way initially for a bridge loan or something. what does that say to you about the governor? >> first of all, i want to thank them for doing the right thing, even though it took some time. i'm not really anxious to point fingers. i think what it does show is we have huge inequities in this country and in michigan and lots of other places, and we need to correct those inequities. for every buena vista that had to close, there are hundreds of schools that are functioning barely at the sustainable level and getting marginal educ
the board of education approved the deficit elimination plan, and really, chris, i want to thank you and other folks who brought attention to this. it was putting a great big light on this problem that, i think, caused the reverse, of course. and the good news is these kids will be able to finish their school year, and i'm just really happy about that. >> what have we learned about michigan governor rick snyder in this, the fact he seemed willing, the state government seemed willing, to...
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that our budget deficit is nowhere near as big or as dangerous to america as our trade deficit for decades our trade deficit has been just under a trillion dollars a year just this year as of march the u.s. trade deficit was thirty eight point eight billion dollars because we're not protecting our economy and other countries are with both tariffs and that taxes that they then reverse on export it's nearly impossible to find and buy american made goods in u.s. stores it's been two hundred plus years since george washington way to find american made suit for his inauguration and alexander hamilton told us how to become economically strong nation it worked and we led the world for nearly two centuries but in the thirty three years since reagan took power we've gone from a new factory in being over a third of our economy to it being about a tenth putting our nation back into the bondage we were once in to the british east india company we need to revisit alexander hamilton plan that made america into the most powerful manufacturing economy in the world for over two hundred years it's time to r
that our budget deficit is nowhere near as big or as dangerous to america as our trade deficit for decades our trade deficit has been just under a trillion dollars a year just this year as of march the u.s. trade deficit was thirty eight point eight billion dollars because we're not protecting our economy and other countries are with both tariffs and that taxes that they then reverse on export it's nearly impossible to find and buy american made goods in u.s. stores it's been two hundred plus...
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but instead of cutting their spending and cutting the deficit what they're now doing is spending all this money trying to order other people around to help them collect more money but i'll ask you about tax evasion though is it really the cause of europe's financial problems no it's not the problem with with europe europe's got a gigantic spending problem and you think all these countries are going down the tubes because of tax evasion no is going down the tubes because politicians keep spending money they don't have making promises to spend money to people that need money or that it has for money no it's massive deficit spending that's where they should be addressing things that's the brill problem in europe and that's what they should be trying to do something about some politicians i might be sneaking their money away but they still want to know about it everybody wants a letter here on our t.v. look at how the prospering and independent online currency coin has a u.s. government building a wall of bureaucracy that's coming up for you. but for now the recent flurry of diplomatic e
but instead of cutting their spending and cutting the deficit what they're now doing is spending all this money trying to order other people around to help them collect more money but i'll ask you about tax evasion though is it really the cause of europe's financial problems no it's not the problem with with europe europe's got a gigantic spending problem and you think all these countries are going down the tubes because of tax evasion no is going down the tubes because politicians keep...
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May 15, 2013
05/13
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deficit is shrinking more quickly than previously thought. the nonpartisan budget watchdog says revenue growth will out-pace spending over the next two years. the cbo is slashing its deficit forecast for fiscal 2014 to $642 billion. it's the smallest shortfall since 2008. they're citing rising personal income tax revenues and higher dividend payments by the likes of fannie mae and freddie mac. dan, how important is their assessment? >> well, it's very important for treasury yields. in the first part of the year, we had them go above 2% as economic growth looked strong, a bit down, but now we're moving in that direction again. but what may be a limit on them is exactly this -- the treasury isn't going to be issuing as much debt because the budget deficit's falling. the fed in the meantime is still buying a lot of treasuries, so you're starting to run into a demand and supply imbalance, where there's maybe not quite enough debt out there, if you will. we talk about having too much debt. maybe we don't have enough, and that will probably keep a
deficit is shrinking more quickly than previously thought. the nonpartisan budget watchdog says revenue growth will out-pace spending over the next two years. the cbo is slashing its deficit forecast for fiscal 2014 to $642 billion. it's the smallest shortfall since 2008. they're citing rising personal income tax revenues and higher dividend payments by the likes of fannie mae and freddie mac. dan, how important is their assessment? >> well, it's very important for treasury yields. in the...
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May 15, 2013
05/13
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the cbo expects a deficit for the 2013 fiscal year. it's more than $200 billion lower than the previous estimate just three months ago. the adjustment reflects new revenue, thanks from changes in tax laws and increase in payments from fannie mae and freddie mac. the cbo's current projection would mark the lowest deficit yet under president obama. >>> another u.s. service member assigned to a military sexual assault program under investigation for sexual misconduct. the pentagon says a u.s. army sergeant could face charges for solicitation abusive sexual contact, assault and treatment of subordinate. the soldier allegedly forced one subordinate soldier into prostitution and physically assaulted two others. the report comes a week after an air force lieutenant colonel working in the sexual assault prevention office was arrested and accused of sexual battery. >>> a day after being convicted for some of the worst crimes you can imagine, dr. kermit gosnell has avoided life in prison. he was found guilty of the deaths of three babies at his
the cbo expects a deficit for the 2013 fiscal year. it's more than $200 billion lower than the previous estimate just three months ago. the adjustment reflects new revenue, thanks from changes in tax laws and increase in payments from fannie mae and freddie mac. the cbo's current projection would mark the lowest deficit yet under president obama. >>> another u.s. service member assigned to a military sexual assault program under investigation for sexual misconduct. the pentagon says a...
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May 20, 2013
05/13
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four dead at 7/11 store there four more dead as they tried to get into a freeze tore escape this storm deficit all around. reminiscent of joplin, missouri. bark ripped off the trees. trees split in half. its insulation up in the branches. it is twisted metal around telephone poles. at the 7/11 it' as to be a gas pump but it's nothing but electronics and wires hanging out. the pump stilted sideways it gives you chills. is it doesn't matter last when i was on the ground covering deadly tornadoes and last night covering these and now it doesn't matter how many times you see this. it's just absolutely gives you the shivers and to sit here right now. first responders from all over flooding in here. yelling at each other. shep then excuse me for just a moment. live witness from k next thing you know coming across. bricks hear if coming in. it was trying to stuck the storm seller out of the ground unlastled latch the door. caved the door. in once if ended he we of course got out. i car is gone. i can't find it inspects nowhere to be found and there is an sin angel of brandon brought me home. when i g
four dead at 7/11 store there four more dead as they tried to get into a freeze tore escape this storm deficit all around. reminiscent of joplin, missouri. bark ripped off the trees. trees split in half. its insulation up in the branches. it is twisted metal around telephone poles. at the 7/11 it' as to be a gas pump but it's nothing but electronics and wires hanging out. the pump stilted sideways it gives you chills. is it doesn't matter last when i was on the ground covering deadly tornadoes...
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May 15, 2013
05/13
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the true issue with deficits. when you pad the course with too much weight it doesn't make the trip as efficiently. and i do understand everybody wants to ring the bell on smaller deficits. i'm in the club as well. we need to be be honest about it. obviously that's the main motivation. but there's another. we cosigned for all the losses. just hope it doesn't mean no reform. we need a free market in housing that isn't the government. nothing talks about free markets better than a really old book. wealth of nations 1776. hey, that was a really good year by the way. adam smith. what is the underlying premise of adam smith we can apply in ample helpings to a variety of issues in the day? that is who should best deal with the procurement? whether it's a natural resource like natural gas or whether the government should decide who gets loans or what what type of loans. no, no, no. it should be free market for free men. and as the wealth of nations pointed out. don't worry about natural gas. the government can't decide w
the true issue with deficits. when you pad the course with too much weight it doesn't make the trip as efficiently. and i do understand everybody wants to ring the bell on smaller deficits. i'm in the club as well. we need to be be honest about it. obviously that's the main motivation. but there's another. we cosigned for all the losses. just hope it doesn't mean no reform. we need a free market in housing that isn't the government. nothing talks about free markets better than a really old...
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May 14, 2013
05/13
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he inherited a city with $300,000 budget deficit. the state's appointed emergency financial manager warned that the deficit could $386 million by jewel 1st. >>> in new jersey the role other coaster at seaside heights is being demolished. it was a symbol of the pamage that superstorm sandy inflicted on the east coast. those are your headlines. i'm patti ann browne. back to you. ashley: patti ann, we thank you so much. get back to the markets. call it a case of the tuesdays. the dow less than two hours from extending the win he can street of 18 straight tuesday as the market is on track to finish in record territory yet again. joining me, above pavlick, from banyon partners with his take what he is watching to drive the market higher. bob, thank you so much for joining us. so you say, look there's lots more room to the upside. i don't say that you say a lot of room but there is room to the upside. what is driving the markets right now? we've gone through earnings. the economic date at thaa is so so. by all economic accounts we're drift
he inherited a city with $300,000 budget deficit. the state's appointed emergency financial manager warned that the deficit could $386 million by jewel 1st. >>> in new jersey the role other coaster at seaside heights is being demolished. it was a symbol of the pamage that superstorm sandy inflicted on the east coast. those are your headlines. i'm patti ann browne. back to you. ashley: patti ann, we thank you so much. get back to the markets. call it a case of the tuesdays. the dow less...
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May 15, 2013
05/13
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CSPAN
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this in the name of deficit reduction? this in a country where already tens of millions of children go to sleep hungry? there's not a district in this nation, there's not a member of congress who doesn't have constituents who have to line up at a food pantry because otherwise they and their children would go to sleep hungry. this is the most incredibly mean-spirited piece of legislation. i urge a no vote on the $20 billions in the cut in snap -- $20 billion in the cut in snap. the speaker pro tempore: the gentlewoman's time has expired. for what purpose does the gentlewoman from nevada seek recognition? without objection, the gentlewoman is recognized for one minute. ms. titus: i rise today to recognize asian-pacific american heritage month and to celebrate the many contributions of this vibrant community to nevada's first district and to the country at large. asian-pacific americans comprised the fattest growing minority group in las vegas, having doubled in size between 2000 and 2010. along spring mountain road we find t
this in the name of deficit reduction? this in a country where already tens of millions of children go to sleep hungry? there's not a district in this nation, there's not a member of congress who doesn't have constituents who have to line up at a food pantry because otherwise they and their children would go to sleep hungry. this is the most incredibly mean-spirited piece of legislation. i urge a no vote on the $20 billions in the cut in snap -- $20 billion in the cut in snap. the speaker pro...
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May 15, 2013
05/13
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the smallest deficit sense 2008 which is five years ago. the deficit had been topping $1 trillion every year cynic the recession ended four years ago. they credit the economic recovery, new tax rules and spending cuts with shrinking the deficit. we'll be right back. i'm so glad you called. thank you. we're not in london, are we? no. why? apparently my debit card is. what? i know. don't worry, we have cancelled your old card. great. thank you. in addition to us monitoring your accounts for unusual activity, you could also set up free account alerts. okay. [ female announcer ] at wells fargo we're working around the clock to help protect your money and financial information. here's your temporary card. welcome back. how was london? [ female announcer ] when people talk, great things happen. lovely read susan. may i read something? yes, please. of course. a rich, never bitter taste cup after cup. 340 grams. [ sighs ] [ male announcer ] always rich, never bitter. gevalia. >>> it may seem hard to believe that you're not experiencing day sha 52 h
the smallest deficit sense 2008 which is five years ago. the deficit had been topping $1 trillion every year cynic the recession ended four years ago. they credit the economic recovery, new tax rules and spending cuts with shrinking the deficit. we'll be right back. i'm so glad you called. thank you. we're not in london, are we? no. why? apparently my debit card is. what? i know. don't worry, we have cancelled your old card. great. thank you. in addition to us monitoring your accounts for...